Avid to Be Acquired by STG For $1.4B : vimarsana.com

Avid to Be Acquired by STG For $1.4B

Following months of rumors that it was exploring a sale, Avid — the maker of the Media Composer editing system and Pro Tools audio postproduction system, both leading tools used in Hollywood for picture editing and sound, respectively — has entered into an agreement to be acquired by an affiliate of private equity firm STG …

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